News Technology

Starbucks Earnings Beat Estimates as Clients Spend More

Starbucks on Thursday reported quarterly earnings that beat analysts anticipation, but fell slightly short on sales, despite clients spending more in its stores. Shares of the company were less than 1% in extended trading. We’re particularly pleased with our comparable store sales growth in both lead markets, the U.S. And China, where we’re also continuing […]

News Technology

Facebook Can Be Bracing for A Record Fine Over Privacy Transgressions, But Investors Just Shrug

 As part of Facebook’s first quarter results released last night, the social networking giant revealed that it’s set aside billions of dollars for an accounting accrual to pay an enormous fine it expects the U.S. FTC to impose on the company over its many privacy transgressions in the last several years. Facebook wrote: At the […]

News Technology

Deutsche Bank and Commerzbank Abandon Merger Talks

 London Merger talks between Germany’s two largest banks have dropped. Commerzbank and deutsche Bank declared Thursday they’d abandon merger discussions that began six weeks ago. Execution dangers, restructuring costs and the need to increase cash from investors to fund the deal could have outweighed the advantages, the banks said. A merger could have fulfilled politicians […]

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Tesla Posts $700 Million First Quarter Reduction as Chief Executive Officer Elon Musk Says He Will Offer Insurance

 Analysts expected that Tesla would lose in the area of 69 cents per share in the first quarter, but Tesla’s real number, released today, were much, much worse than that. Tesla dropped $2.90 per share, or $702.1 million in the quarter, according to CNBC, almost just as much as they dropped in the exact same […]